Post articles experience
Khalid Gamieldien CA(SA)
.
Cape Town
Summary
Finance professional with a robust background in financial management and strategic planning. Known for driving efficiency and enhancing financial performance through effective collaboration and adaptability. Proficient in financial analysis and risk management, with focus on delivering results.
Overview
11
11
Work History
Head of Finance
UVU Africa
07.2023 - Current
- Oversight and management of financial reporting to funders
- Provided senior management with strategic financial insights for informed decision-making.
- Improved financial operations by streamlining processes and implementing new accounting systems.
- Implemented a robust budget variance analysis process to identify discrepancies early on and improve future planning initiatives.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Assisted with recruiting, interviewing, and hiring new department employees.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Supported financial director with special projects and additional job duties.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Managed budgeting process, ensuring accurate forecasting and timely adjustments to meet business needs.
- Collaborated with cross-functional teams to align financial goals with overall company objectives.
- Strengthened communication between finance department and other business units, fostering an environment of collaboration across the organization.
- Reduced overhead costs by identifying inefficiencies and implementing cost-saving measures.
- Developed finance team talent through targeted training programs and regular performance evaluations.
- Ensured compliance with all regulatory requirements by staying abreast of industry changes and updating policies accordingly.
- Streamlined vendor payment processes, improving relationships while reducing processing time and errors.
- Enhanced financial reporting accuracy through the development of comprehensive internal controls.
- Drove revenue growth by identifying key performance indicators and optimizing pricing strategies.
- Led implementation of new Accounting system, increasing efficiency within the finance department while enhancing data visibility.
- Introduced software tools and process improvements to mitigate loss and drive operational growth.
- Oversaw annual audit process, ensuring accurate representation of financial position in accordance with IFRS standards.
- Optimized cash flow management through efficient working capital strategies and investment decisions.
Profit Analyst
Woolworths
05.2021 - 06.2023
- Provide the business with a sound system of performance management that is aligned with the achievement of companywide financial goals and balanced scorecard
- IFRS16 specialist ensuring that all leases are accounted in accordance with the prescribed standard
- Optimize the ongoing and sustainable profit performance of the decision by providing the necessary decision-making framework and support
- Effective planning in the form of an annual budgeting which is regularly updated with the quarterly forecast
- Liaise with the BU (Business Unit) stakeholders to provide accurate, consolidated budgets and forecasts for the BU
- Budget & forecast variances are analyzed and recommendations are made to correct or improve BU performance
- Perform monthly P&L reviews, identify and analyze the key drivers and metrics
- Prepare monthly board packs fully encompassing actual to budget/forecast
- In-depth analysis is performed on key financial risk / opportunity areas in the business
- The financial levers are understood and communicated to the business together with clear recommendations
- Key business initiatives are reviewed to ensure that they meet the required returns
- Support is provided to the BU to present these cases to the Investment Committee
- Implementation is reviewed to ensure delivery of benefits
- Identify cost management opportunities - processes or expenses - for ensuring a sound return for shareholders and make recommendations on how these should be dealt with
- Make an effective and positive contribution to the Business unit in the execution of its strategy and in its performance, and to be recognised as such by the BU leadership team
- Play an effective role in the broader Finance team and the Planning and Performance team to ensure the combined delivery of the Finance strategy
- Complete budgeting and planning process of Financial updates as requested by the BU
- Enhanced team collaboration by providing clear communication of complex findings through visualizations and reports.
- Collaborated with cross-functional teams to identify opportunities for process improvement and increased efficiency.
- Improved internal knowledge sharing by developing comprehensive documentation outlining standard operating procedures for various tasks.
- Increased efficiency by streamlining data analysis processes and implementing automation tools.
- Streamlined reporting procedures by creating user-friendly dashboards for easy access to key performance indicators.
Management Consultant
AFA (Pty) Ltd
05.2018 - 04.2021
- Acting CFO - Fiera Milano Exhibitions (November 2019 - April 2021)
- Communication with Head office in Italy for group reporting purposes
- Xero financial management
- Month-end procedures
- Report writing
- Finalisation of month-end results for company reporting
- Review and approval of day-to-day operations
- Financial Manager - AFA (September 2019 - April 2021)
- Communication with branches for group reporting purposes
- Xero financial management
- Month-end procedures
- Report writing
- Finalisation of month-end results for company reporting
- Review and approval of day-to-day operations
- Financial Manager - Kelsen South Africa (July 2019 - April 2021)
- Communication with Head Office for group reporting purposes
- Navision financial management
- Month-end procedures
- Report writing
- Finalisation of month-end results for group reporting
- Review and approval of day-to-day operations
- Manager - Financial Statements division of AFA (July 2019 - December 2020)
- Preparation of annual financial statements
- Management of the information gathering process
- XBRL conversions
- Client billings
- Process management
- Company operations review and management
- Consultant - Financial Statements division of AFA (February 2019 - June 2019)
- Preparation of annual financial statements
- Management of the information gathering process
- XBRL conversions
- Financial Manager - On The Dot (subsidiary of Media24) (November 2018 - January 2019)
- Communication with Head Office for group reporting purposes: Direct communication to Head office reporting team
- Resolving variances and discrepancies of inter-company balances
- Stream lining inefficient processes (ie budget and forecast turnaround time)
- Management of the finance team (15 persons) and direct report to Financial Director
- Manage the ad hoc requests by FD
- Assist finance team with any IFRS queries
- Assist in the compliance of IFRS and specifically IFRS16
- SAP financial management and HFM uploading
- Assist and train staff on the use of HFM
- Preparation of Forecasts and Budgets
- Simplify the entire budget and forecast process
- Drive efficiencies
- Preparation of Month end reports
- Actual vs budget variance analysis
- Investigate significant variances
- Assistant to the Financial Director - Stadio Holdings (June 2018 - October 2018)
- Due Diligence assessments on possible new acquisitions
- Perform an in-depth analysis of potential new business opportunities
- Preparation of reports to be published on SENS
- Preparation and review of announcement sheet
- Assistance with Ad Hoc tasks
- Feasibility assessments of CAPEX expenditure
- Review monthly management packs
- Drive efficiencies and automation of repetitive tasks
- Direct report on findings and variances to FD
Financial Analyst: Sales
Johnson & Johnson
02.2017 - 04.2018
- Completion of various reports for internal stakeholder's:
- Finance deck to management board
- Sales reports & commentary
- NTS (Net trade sales) commentary for quarterly reporting
- Regulatory reporting required by STATSA and SARB
- Consolidation of Sub-Saharan African countries
- Analyses of monthly revenue (Gross to Net) - highlighting key drivers at total company level & by customer
- Budget vs
- Actual analysis - Customer P&L's
- Assist in the monthly forecast sales planning cycle
- Provide financial support to Marketing and Sales in the analysis of promotional activities and proposals
- Complete budgeting and planning process of Financial updates as requested by BsCOE in the following areas:
- Other Cost Not in Standard (OCNIS)
- Assist in the sales planning by Customer (Gross to Net)
- Ownership of OCNIS section of Income Statement including budget vs
- Actual reviews
- Intercompany point of contact between local business and BsCOE
- Impairment testing of intangibles
- Provide finance support on brand from a sales and brand contribution perspective
- Ad hoc support to financial reporting team and FD
Management Accountant
Kaydav Group Ltd
01.2016 - 12.2016
- Ensuring business expenditure is line with budget by preparing the Group's annual budget
- Analysing the Group's financial performance, contributing to longer term forecasts
- Preparing monthly management reports to outline business performance and comparing actual to budgeted figures
- Providing commentary for board members on financial results and implications and advises on corrective action to be taken
- Providing recommendations on ways of minimising costs and maximising profits
- Implement an inventory management system to control stock levels and to reduce costs of overstocking
- Testing accounting information to ensure the accuracy and integrity of source data is maintained
- Explain and coach finance and non-finance staff in understanding financial concerns of the business
- Collaborating with all departments and the management team contribute to make financial decisions and adding value to the business
- Managing and supervising an accounts team that are deadline driven, made up of diversified personnel with different levels of skills and abilities
Finance Consultant - Africa
Truworths
05.2015 - 12.2015
- Reviewing monthly accounting functions, which include reviewing journals, reviewing schedules and reviewing reconciliations relating to bank and cash, repatriation, freight and clearing, withholdings tax, etc
- Prepare, examine and analyse accounting records, financial statements, and other financial reports to assess accuracy, completeness and conformance to reporting (IFRS) and procedural standards in eight different African countries
- Analyse business operations, trends, costs revenues, financial commitments and obligations, to project future revenues and expenses or to provide advice
- Strong focus on regulatory framework and compliance, both locally and in African countries
- Prepare financial budgets for African countries
- All financial matters related to new business development in Africa
- Research current media releases and developments on trading conditions in African countries, assess the impact on the business and advise and implement appropriate strategies
- Lead teams to gather and analyse process requirements to design, develop and deploy innovative business solutions
- Resolve any issues or legislative constraints and solve problems throughout project life cycle
- Resolve and tend to audit queries
- Focus on business strategy by creating efficiencies where possible
- Ad hoc responsibilities include involvement in streamlining accounting procedures
- Survey of operations to ascertain accounting needs and to recommend, develop and maintain solutions to business and financial problems
Skills
Business process improvement
Financial reporting mastery
Project finance management
Regulatory compliance
Financial systems integration
Financial policy creation
Stakeholder relationship management
Cash flow management
Continuous learning mindset
Internal controls implementation
Financial strategy development
Accounting principles
Qualifications Memberships
- Chartered Accountant (SA), South African Institute of Chartered Accountants (SAICA), 2014
- Post Graduate Diploma in Accounting (B. Com Acc Hons), University of South Africa, 2011
- Bachelor of Commerce in Financial Accounting (B. Com Acc), University of Cape Town, 2010
- Senior certificate with distinction, South African College High School (SACS), 2004
Awards
- Best Shared Services Award, 2024
- Certified Life & Rapid Results Transformation Coach, 2021
- Encore Award: Johnson & Johnson, 2017
- Executive Social and Ethics Committee member, 2012 - 2014
- Senior Certificate with Distinction, 2004
Timeline
Head of Finance
UVU Africa
07.2023 - Current
Profit Analyst
Woolworths
05.2021 - 06.2023
Management Consultant
AFA (Pty) Ltd
05.2018 - 04.2021
Financial Analyst: Sales
Johnson & Johnson
02.2017 - 04.2018
Management Accountant
Kaydav Group Ltd
01.2016 - 12.2016
Finance Consultant - Africa
Truworths
05.2015 - 12.2015